Overview
- After being quoted saying “China is going to win the AI race,” Nvidia CEO Jensen Huang issued a follow-up stating China is “nanoseconds behind America” and argued the U.S. should win by racing ahead to attract developers.
- Huang pointed to China’s lower energy costs and looser rules, including electricity subsidies for data centers, while U.S. export controls still block sales of Nvidia’s most advanced Blackwell chips to China.
- Microsoft CEO Satya Nadella warned that scarce power and a lack of ready data-center capacity are the immediate constraints, saying he has chips “sitting in inventory” with no “warm shells” to plug into.
- OpenAI CEO Sam Altman said the company does not want government guarantees for its data centers, clarifying that prior remarks by CFO Sarah Friar were misinterpreted; Altman noted talks about loan guarantees only related to U.S. chip fabs.
- Altman projected an annualized revenue run rate above $20 billion this year and cited roughly $1.4 trillion in infrastructure commitments through 2033, as investor concerns over AI financing and concentration risks persisted and the White House’s AI lead said there will be no federal bailout.